Commonwealth Equity Services LLC Acquires New Holdings in Element Solutions Inc (NYSE:ESI)

Commonwealth Equity Services LLC acquired a new stake in shares of Element Solutions Inc (NYSE:ESI) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 16,720 shares of the company’s stock, valued at approximately $453,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. raised its position in Element Solutions by 6.6% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 5,106,554 shares of the company’s stock worth $138,490,000 after acquiring an additional 315,645 shares in the last quarter. Glenview Capital Management LLC raised its position in Element Solutions by 35.2% in the fourth quarter. Glenview Capital Management LLC now owns 3,762,620 shares of the company’s stock worth $87,067,000 after acquiring an additional 979,798 shares in the last quarter. Clearbridge Investments LLC raised its position in Element Solutions by 16.9% in the first quarter. Clearbridge Investments LLC now owns 2,061,060 shares of the company’s stock worth $51,485,000 after acquiring an additional 298,668 shares in the last quarter. Capital World Investors bought a new stake in Element Solutions in the first quarter worth about $44,527,000. Finally, Schroder Investment Management Group raised its position in Element Solutions by 39.4% in the fourth quarter. Schroder Investment Management Group now owns 1,538,278 shares of the company’s stock worth $35,596,000 after acquiring an additional 434,590 shares in the last quarter. 92.32% of the stock is currently owned by institutional investors.

Element Solutions Trading Down 0.9 %

Shares of NYSE ESI opened at $25.61 on Friday. Element Solutions Inc has a 1-year low of $17.57 and a 1-year high of $28.68. The company has a market cap of $6.20 billion, a PE ratio of 47.43, a P/E/G ratio of 1.38 and a beta of 1.29. The company has a current ratio of 3.50, a quick ratio of 2.60 and a debt-to-equity ratio of 0.80. The company has a 50-day moving average of $25.97 and a two-hundred day moving average of $25.27.

Element Solutions (NYSE:ESI) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The firm had revenue of $613.00 million during the quarter, compared to analysts’ expectations of $606.95 million. Element Solutions had a net margin of 8.24% and a return on equity of 14.42%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.31 earnings per share. As a group, equities analysts expect that Element Solutions Inc will post 1.45 earnings per share for the current fiscal year.

Element Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, August 30th. Element Solutions’s dividend payout ratio (DPR) is presently 59.26%.

Analysts Set New Price Targets

Several equities research analysts recently commented on ESI shares. UBS Group upped their price target on shares of Element Solutions from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Monday, June 24th. BMO Capital Markets restated an “outperform” rating and issued a $30.00 price target (up previously from $28.00) on shares of Element Solutions in a research report on Wednesday, June 12th. StockNews.com upgraded shares of Element Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, September 14th. The Goldman Sachs Group upped their price target on shares of Element Solutions from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, June 27th. Finally, Mizuho upped their price target on shares of Element Solutions from $28.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Element Solutions has a consensus rating of “Moderate Buy” and an average target price of $29.40.

About Element Solutions

Element Solutions Inc operates as a specialty chemicals company in the United States, China, and internationally. The company operates in two segments, Electronics, and Industrial & Specialty. The Electronics segment researches, formulates, and sells specialty chemicals and materials for various types of electronics hardware products.